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A7-month forward contract on the S&P 500 is currently priced at $2,800. The dividend yield on the index is 1.20% and the appropriate risk-free rate

A7-month forward contract on the S&P 500 is currently priced at $2,800. The dividend yield on the index is 1.20% and the appropriate risk-free rate is 1.85%. What is the implied spot price? Round to the nearest 0.01

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